chris, your conversation with nancy pelosi earlier today was actually the other day that you pretaped it, she seemed to indicate that democrats are bound and determined to raise taxes again. >> absolutely. you know, it is the old line the president used it during the campaign, balanced approach. it can't all be spending cuts, it has to be spending cuts and also some tax increases on the wealthy and loo it worked for them in the campaign. it worked during the argument over the fiscal cliff. i think and you see the president making the case now it is a choice between helping the middle class who the white house says will be hurt by these automatic spending cuts, cutbacks in education, headstart, fewer law enforcement, cuts in the number of food inspectors as opposed to taking away some of the loopholes and deductions for the rich. republicans don't like the argument but it is a pretty politically powerful argument for the president. >> you rightly pointed out to her you can't close the budget gap on the backs of the rich. even if you were to tax everyone who makes a million dollars or m